Crypto Radar — April 02, 2026: Extreme Fear with BTC at US$ 66.8K

Crypto Radar — April 02, 2026

The crypto market is testing the resilience of even the most experienced investors this Thursday, 04/02/2026. Bitcoin fell to US$ 66.822, accumulating -2% in the last 24 hours and -3% on the week. Ethereum did not escape the pressure, plummeting -4% on the day to US$ 2.054. The Fear & Greed Index collapsed to 9/100, marking extreme fear we haven't seen since the worst moments of 2022.

Bitcoin's dominance rose to 58.1%, confirming the flight to quality movement within the crypto ecosystem itself. When altcoins bleed more than BTC, it's a clear signal: the market is in defensive mode.

The trading volume of US$ 96.93 billion in 24 hours shows there is still liquidity in the system, but the total capitalization of US$ 2.30 trillion has lost significant ground since the beginning of the week. According to CoinDesk, analysts are warning that Bitcoin's drop below US$ 68.000 increases the risk of a correction toward US$ 60.000.

Bitcoin: Technical Structure Deteriorating

Bitcoin is at a delicate technical crossroads. With RSI at 38.30, we are approaching oversold territory, but haven't reached it yet. The price is trading below the SMA20 averages (US$ 69.330) and SMA50 (US$ 68.668), confirming a short-term downtrend.

What concerns most is the distance from SMA200 at US$ 89.858. The SMA50 is 23.6% below the SMA200, characterizing a consolidated bearish structure. The 7-day critical support is at US$ 65.970 — if broken, the next relevant floor only appears around US$ 60.000.

The immediate resistance at US$ 68.232 needs to be recaptured with volume for us to talk about technical relief. For now, decreasing volatility suggests consolidation before the next directional move.

Ethereum: Resisting Better, But No Relief

Ethereum is in a slightly better technical position than Bitcoin, with RSI at 42.80 — still in neutral territory. The price oscillates between the SMA50 (US$ 2.046) and SMA20 (US$ 2.117) averages, suggesting indecision among players.

ETH's big problem is the brutal distance from SMA200 at US$ 3.018. The SMA50 is 32.2% below the long-term average, indicating we are still far from a sustainable recovery. The US$ 1.983 weekly support will be crucial — breaking this level opens the way to test the US$ 1.939 monthly support.

Major Moves of the Day

While the broader market plummets, some tokens managed to swim against the current. RENDER leads gains with +5.6%, followed by ALGO (+4.9%) and QNT (+4.2%). These isolated moves typically indicate capital rotation or project-specific news.

On the losers' side, UNI was hammered with -11.3%, ENA fell -9.9%, and ETHFI lost -5.9%. The correction in altcoins is being more severe than in large caps, confirming the flight to quality toward BTC.

Stablecoin Rates

Macro Context and Relevant News

The macro environment remains hostile to risk assets. CoinTelegraph highlighted that unstable American economy, private credit stress, and geopolitical tensions are impacting Bitcoin's chances of reclaiming US$ 75.000. The market needs to see stabilization in these factors before any sustainable rally.

A positive note: Coinbase obtained initial approval for a trust charter from banking regulators, strengthening its custody offering. This could bring more institutional capital over time, but doesn't solve short-term pressure.

Also read at ON3X: our investigation into the Drift Protocol hack for US$ 285 million with North Korea suspicion shows how attacks continue to pressure market sentiment.

What To Watch Tomorrow

• Test of Bitcoin support at US$ 65.970 — breakthrough confirms move toward US$ 60.000
• ETH reaction at US$ 1.983 support — crucial to maintain short-term structure
• Evolution of Fear & Greed Index — readings below 10 historically mark market bottoms
• Trading volume — we need to see increased activity to confirm any reversal
• Macro news on American monetary policy and geopolitical tensions